Welcome to the end of 2020. We made it !!! The team at JMA want to take this opportunity to thank everyone for their support this year and to wish everyone a safe and happy holiday period, filled with fun, family and friends. We are taking our break from 12pm on Wednesday the 23rd of …
Xero Tips and Tricks – How to Use Find and Match to Reconcile a Bank Statement Line
You can use find & match to find an invoice, bill or account transaction already entered and reconcile it with the relevant bank statement line on the web and on your mobile phone. Web - In the Accounting menu, select Bank accounts. - Click Reconcile xx items for the bank account you want to reconcile …
The Trusts Act 2019 – How Will it Impact You?
Trusts are common in NZ and the reasons for setting them up vary. The Trusts Act 2019 comes into effect on 30 January 2021. Changes to the act aim to make trusts more accessible. There are increased compliance obligations on trustees and duties that ensure greater transparency for beneficiaries. The changes to the act include: …
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Savings: Tips and Tricks
When it comes to saving money, every little bit counts. So the sooner you start saving, the sooner you'll reach your financial goals. Here are a few tips & tricks to help you on your way. Set savings goals to help you focus It can be hard when you've got nothing to aim for, so …
Why Use Xero? The Benefits of Cloud Accounting.
Xero offers your business a simple, yet powerful, way to manage all your finances in the cloud. With Xero as your core finance system, you get real control over every element of running your business, from basic bookkeeping right through to efficient online invoicing, live bank feeds and detailed financial reporting. Helping you run your …
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Spring Cleaning your Business
As we come to an end of the first month of spring, here are some ideas for spring cleaning. Spring is a time for renewed energy and clearing out the clutter with a little spring cleaning. This doesn't just relate to houses. Business owners can also take advantage of this wonderful time of year to …
Keeping your Cashflow Strong in Tough Times
We are living in uncertain times right now. The situation changes daily with new challenges to overcome. Small businesses are particularly vulnerable in tough economic times like this. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and …
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Working for Families Tax Credit Changes
From today, the in-work tax credit (IWTC) is available to eligible families who are not receiving an income-tested benefit or student allowance and have some income from paid work each week. This change removes the requirement for working families to work a minimum number of hours. Previously sole parents must have worked a minimum of …
Wage Subsidy Extension Amendment
Wage Subsidy Extension Qualification Has Changed- Announced Today (5th June 2020) Last week we sent you an email letting you know about the availability of a COVID-19 Wage Subsidy Extension. Today, the Government announced a change in criteria. Previously, to qualify you must have experienced a minimum 50% decline in revenue in the 30 days before you apply, when …
Wage Subsidy Extension Announced
The wage subsidy extension payment will be available to support employers, including sole traders who are still significantly impacted by Covid-19 after the current wage subsidy ends. The weekly rates will be the same as under the current wage subsidy, and will provide an 8-week lump sum payment per named employee. The wage subsidy extension …
